BUSINESS Barclays bank says annual net profit tumbles 38% to £1.53 bn

BUSINESS

Barclays bank says annual net profit tumbles 38% to £1.53 bn

AFP

15:41, February 18, 2021

A pedestrian wearing a face mask or covering due to the COVID-19 pandemic, walks past a branch of a Barclays bank in central London on July 29, 2020. (Photo: AFP)

British bank Barclays on Thursday announced a 38-percent slump in net profit for 2020 and said expenses related to the coronavirus pandemic were set to stay high this year.

Profit after tax fell to £1.53 billion ($2.12 billion, 1.76 billion euros), Barclays said in a statement, adding that impairment charges shot up to £4.8 billion.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue